1,323 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Naples Money Management LLC

Naples Money Management LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,323 shares of the insurance provider’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Investment Partners LLC raised its holdings in shares of Travelers Companies by 6.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 291,500 shares of the insurance provider’s stock valued at $55,528,000 after acquiring an additional 17,686 shares in the last quarter. HTLF Bank bought a new position in Travelers Companies in the 4th quarter worth $484,000. Xponance Inc. lifted its position in shares of Travelers Companies by 1.4% in the 4th quarter. Xponance Inc. now owns 29,756 shares of the insurance provider’s stock worth $5,668,000 after purchasing an additional 399 shares during the period. Flynn Zito Capital Management LLC lifted its position in shares of Travelers Companies by 5.4% in the 4th quarter. Flynn Zito Capital Management LLC now owns 2,930 shares of the insurance provider’s stock worth $558,000 after purchasing an additional 151 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Travelers Companies by 2.2% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 4,611 shares of the insurance provider’s stock valued at $876,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the sale, the executive vice president now owns 14,080 shares in the company, valued at $2,966,374.40. The disclosure for this sale can be found here. Insiders have sold 109,775 shares of company stock worth $23,343,903 over the last ninety days. Corporate insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TRV. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday. Morgan Stanley lifted their price target on Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday. Jefferies Financial Group lowered their price objective on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research report on Friday. Evercore ISI reduced their target price on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, TD Cowen started coverage on shares of Travelers Companies in a research report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $220.78.

Travelers Companies Stock Up 1.7 %

Shares of Travelers Companies stock traded up $3.57 on Friday, reaching $213.99. The company’s stock had a trading volume of 1,918,256 shares, compared to its average volume of 1,506,480. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The firm’s fifty day simple moving average is $221.80 and its two-hundred day simple moving average is $196.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $49.03 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.08 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.11 earnings per share. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.62 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Monday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. Travelers Companies’s dividend payout ratio (DPR) is currently 29.72%.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.